Jan 30, 2013 11:30am PST
have, supervisors. >> thank you, mr. eagan. just, again, to summarize here. in terms of the financing. so, 70% is going to be paid for by the expansion district so 30% by the city general fund. it's going to create thousands of jobs in terms of both construction and long-term. i think your job numbers here, were these annual jobs? >> they're annual averages. they're different year to year but that's the average. >> 800 annual jobs in the construction phase. a little over 1200 fern netctionv jobs on an annual basis going forward. and the city's general fund will be technically in the black here, making money off of this? >> yes. >> proposal. and, again, with more commercial paper capability, it would be even more in the black. >> excuse me, supervisor. it's not necessarily true that the general fund will be. i'm counting the hotel tax as a whole. so, not all the hotel tax goes to the general fund. >> fair enough. i get where you're coming from. okay, thanks. i want to make sure the public was very clear on all those combined benefits. colleagues, do we have any questions for mr. eagan?